Stocks were up around 10% off a 12 year low!
This is good news for the bear market! Once Stocks start going up, people want to jump in, and not miss this chance to buy at the bottom. Lets hope this is the case, several reports are coming out this week, that could have a huge adverse affect on this rise in stocks. While last weeks announcement that unemployment hit an all time high since 1967, I believe for first time people to apply, stocks went up on the retail sales report. One thing to keep in mind, is several people are out spending that tax return. I expected the retail sales to have increased with the Early filers of taxes. If your needing to spend money, you file early. The USA has a yearly built in Stimulas package every year around this time with this tax return spending. Look for Wal-Mart and other Chain stores to report a rise in Sales for this quarter. (hint buy some short time stock)
